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MidCap Financial Investment CorporationMFIC
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MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company.

It is elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940 (the "1940 Act") specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.

It provides direct equity capital, mezzanine, first lien secured loans, stretch senior loans, unitranche loans, second lien secured loans and senior secured loans, unsecured debt, and subordinated debt and loans.

It also seeks to invest in PIPES transactions. The fund may also invest in securities of public companies that are thinly traded and may acquire investments in the secondary market and structured products.

It prefers to invest in preferred equity, common equity / interests and warrants and makes equity co-investments.

It may invest in cash equivalents, U.S. government securities, high-quality debt investments that mature in one year or less, high-yield bonds, distressed debt, non-U.S. investments, or securities of public companies that are not thinly traded.

It also focuses on other investments such as collateralized loan obligations ("CLOs") and credit-linked notes ("CLNs").

The fund typically invests in construction and building materials, business services, plastics & rubber, advertising, capital equipment, education, cable television, chemicals, consumer products/goods durable and non-durable and customer services, direct marketing, energy " oil & gas, electricity and utilities.

The fund also invest in aerospace & defense, wholesale, telecommunications, financial services, hotel, gaming, leisure, restaurants; environmental industries, healthcare and pharmaceuticals, high tech industries, beverages, food and tobacco, manufacturing, media " diversified & production, printing and publishing, retail, automation, aviation

Latest News >
BMO on The Day, Week Ahead in Canada
BMO on The Day, Week Ahead in Canada
Mar 3, 2025
07:30 AM EST, 03/03/2025 (MT Newswires) -- Canadian growth Friday clocked in at a stronger-than-expected 2.6% a.r. in Q4, with the best non-pandemic domestic demand performance since 2017, and Bank of Montreal (BMO) said it revised up its 2025 growth call by a tick to 1.8%. On the United States tariff front, the bank continues to wait. The latest word...
-- Frontier Lithium Brief: Closed $3.35 Million Convertible Loan and Completed Land Acquisition in Thunder Bay; Rose More Than 3% Last Friday
-- Frontier Lithium Brief: Closed $3.35 Million Convertible Loan and Completed Land Acquisition in Thunder Bay; Rose More Than 3% Last Friday
Mar 3, 2025
07:30 AM EST, 03/03/2025 (MT Newswires) -- Frontier Lithium ( LITOF ) , which rose more than 3% last Friday, over the weekend ...
Morning Bid: ECB may stumble into stimulus
Morning Bid: ECB may stumble into stimulus
Mar 3, 2025
(Opinions expressed are those of the author.) By Mike Dolan A look at the day ahead in U.S. and global markets from Mike Dolan. We've revamped Morning Bid U.S. to offer you more in-depth markets analysis and commentary. Mike Dolan will help you make sense of the key trends shaping global markets each day. World markets are entering March with...
Northwest Natural's Board Elects Justin Palfreyman as Chief Executive
Northwest Natural's Board Elects Justin Palfreyman as Chief Executive
Mar 3, 2025
07:33 AM EST, 03/03/2025 (MT Newswires) -- Northwest Natural Holdings (NWN) said Monday its board has elected Justin B. Palfreyman as its new chief executive officer, effectve April 1. Palfreyman will succeed David H. Anderson, who is retiring from the company. Palfreyman has been with the company since 2016 and was promoted as Northwest Natural's ( NWN ) president in...
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